Development of Accounting and Financial Reporting For Small and Medium-Sized Businesses in Accordance with International Financial Reporting Standards

Клычова, Гузалия; Fakhretdinova, Elvira; Klychova, Augul; Antonova, N.V.

doi:10.5539/ass.v11n11p318

Cited by 12 publications

(6 citation statements)

References 8 publications

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“…The Key Performance Indicators allow us to establish the causal connections between the targets and the set parameters for determining the patterns and mutual factors of influence on financial and production activity, identifying the dependence of some indicators on the other ones (Nizamutdinov et al, 2014c; Klychova et al, 2015d). The development and the implementation of Key Performance Indicators system is caused by the need to ensure transparency and measurability of the business, and the opportunity for developing optimal management decisions (Rompho, 2011).…”

Section: Resultsmentioning

confidence: 99%

“…Based on the conceptual approaches to management consulting, each company forms a separate methodological toolkit providing assistance to the head of the client organization in diagnosing, analyzing and settlement of practical production and management problems. Methodological tool of management consulting represents a complex mechanism for integration and coordination of individual tools, the variable application of which contributes to the achievement of the set goals (Klychova et al, 2015c;Klychova et al, 2015a;2015b). The tool is a means of practical implementation of its methods.…”

Section: Fig 1 Conceptual Model Of Management Consultingmentioning

confidence: 99%

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Key performance indicators of management consulting

Ibatova¹,

Kuzmenko²,

Клычова³

2018

10.5267/j.msl

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The developing theoretical managerial concepts and applied managerial techniques comprise the basis for the modern innovative management of an agricultural enterprise. Management consulting occupies a special place in the managerial process. It is aimed at rendering experts' support to the specialists of an economic entity as well as developing recommendations for the promotion of activity efficiency in the enterprise on the basis of theoretical and applied knowledge in the field of management. Complicated conditions for activity carried out by the Russian agricultural commodities manufacturers cause the necessity in the real managerial activity integration with the scientific research works in the field of management. Hence, the necessity occurs in professional management consulting by considering technological features of the production process and the scientific basics of management. This article considers the economic essence of management consulting, offers a conceptual model and methodological instruments, and develops the system of key indicators of social-economic activity efficiency as an instrument of management consulting.

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Section: Resultsmentioning

confidence: 99%

Section: Fig 1 Conceptual Model Of Management Consultingmentioning

confidence: 99%

Key performance indicators of management consulting

Ibatova¹,

Kuzmenko²,

Клычова³

2018

10.5267/j.msl

Self Cite

View full text Add to dashboard Cite

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“…Hiring of employees is a part of the investment process and involves careful selection and hiring procedure, adaptation, training and motivation, which means investing in personnel [6,7].…”

Section: Methodsmentioning

confidence: 99%

Improvement of the procedure for assessing the personnel of the agricultural organization

et al. 2019

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Assessment, as an integral part of the management process, it is the most effective system for the certification of the organization personnel. This procedure helps in determining the qualification and level of knowledge of employees, assess their abilities, moral and business skills. Each employee in the performance of his duties must use rational methods and modern technical means to ensure effective organization of production. The purpose of the article is substantiation of theoretical principles and development of practical recommendations for improving the procedure for assessing an agricultural organization personnel. The objectives of the research are: study of theoretical aspects and methodological tools, identification of the stages, and development of documentary support for the personnel assessment system. Such methods as the analysis of scientific and theoretical sources, the systematic approach, the method of comparative analysis, and generalization were used in the process of writing the article. The paper presents recommendations for the development of an effective certification system and its documentary support in agricultural organizations perfectly meeting the goals of the organization under study as well as its needs and the organizational culture developed in it.

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“…As a result, each criterion is assigned its own weight of significance and the client's total rating is calculated. The degree of significance can be found either by using correlation coefficient based on historical statistics by way of either determining the influence caused by each of the criteria or simply fixed by an expert what appears to be the simplest option [21].…”

Section: Methodsmentioning

confidence: 99%

Formation of the credit rating of buyers for the preventive control of accounts receivable

et al. 2019

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Modern economic environment requires constant optimization of economic entities, looking for new directions, ways and mechanisms of the business program implementation. Practice shows that the effectiveness of the production resources use depends not only on potentially existing profitability of an organization’s type of business, but primarily on the ability to swiftly handle economic facilities and to rapidly master new options for free assets operation. At the present stage of business development, control appears to be an integral part of improving asset management process inclusive of accounts receivable. The objective of the article is to substantiate theoretical provisions and develop practical recommendations for improving methods of customer rating assessment. The article proposes a credit rating formation pattern, which makes it possible to eliminate the problem of unmotivated issuing credits to contractual partners of long-term cooperation with the assumption that they have past-due accounts receivable. And an additional point is that this pattern offers an effective instrument for such accounts receivable preventive control.

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Development of Accounting and Financial Reporting For Small and Medium-Sized Businesses in Accordance with International Financial Reporting Standards

Cited by 12 publications

References 8 publications

Key performance indicators of management consulting

Key performance indicators of management consulting

Improvement of the procedure for assessing the personnel of the agricultural organization

Formation of the credit rating of buyers for the preventive control of accounts receivable

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